Saturday, September 02, 2006

Downtown Condo at Park View #216

This small two bedroom is located in one of downtown's older buildings on Cortez Hill. Since it's rental value is probably no more than $1,200 a month you would really wonder why someone would pay twice that amount to own a marginal unit like this one.

Type: Listed on MLS(#068075764)

Resale Price: $380,000 (Range priced $360,000 to $400,000)
Cost: $405,000

Loss@6% Sales Expenses: $47,800
Loss%: 11.80%

Purchase Date: 10/01/2004
Holding Period: 23 months and counting...

Bedrooms: 2
Bathrooms: 2
Square Feet: 919

Purchase Details: view

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